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...basis for deciding, early in 1998, which nations meet the Maastricht Treaty criteria on debt, deficits and inflation that underlie the currency union. Bundesbank policies can help or hurt plans by many countries, including Germany, to meet the criteria by boosting economic growth. But more important, Tietmeyer's mere utterances, like those of his U.S. counterpart, Alan Greenspan, can move markets or puncture investor confidence. His blessing of the euro venture would be a welcome seal of approval, but he could waylay the entire program if he declares its underlying fiscal arrangements to be flawed, and he could hinder...

Author: /time Magazine | Title: HANS TIETMEYER, PRESIDENT, BUNDESBANK; FRANKFURT | 3/3/1997 | See Source »

...economic reform was being introduced in the big cities, so much so that Old Guard Marxists began to decry the "spiritual pollution" of cosmetics and discotheques. But Deng persisted, likening the effect to mere "flies that come through an open window." By the late '80s, however, economic liberalization had spilled uncontrollably into political yearnings; soon labor unrest and student demonstrations for greater freedom panicked Deng. He sacked his popular heir apparent, party chief Hu Yaobang, for pushing political reforms. By this time the only title Deng held was honorary chairman of the Chinese Bridge Association (he had refused all high...

Author: /time Magazine | Title: DENG XIAOPING: THE LAST EMPEROR | 3/3/1997 | See Source »

Bill Gates may be the richest American, but even he can complain that $15 billion ain't what it used to be. According to The Wealthy 100: A Ranking of the Richest Americans, Past and Present, by Michael Klepper and Robert Gunther, Gates ranks a mere 31st. He is ahead of the modest Mark Hopkins, one of the powers who built the Central Pacific Railroad, just behind meat-packer Philip Armour, and way, way behind John D. Rockefeller at No. 1. Gates doesn't figure to threaten old John D. The authors determined the standings by looking at the tycoons...

Author: /time Magazine | Title: Notebook: Mar. 3, 1997 | 3/3/1997 | See Source »

...understanding, the arguments about whether or not such a center can achieve that goal have become entrenched in the same rhetoric, much to the frustration of both sides. Let's examine some of the main points of contention of the debate and really look at the reasoning behind their mere language...

Author: By Alexander T. Nguyen, | Title: Multicultural Student Center Needed | 2/28/1997 | See Source »

CHICAGO: Big Mac customers, loosen your belts and move up to the next size in trousers. McDonald's plans to slash its flagship hamburger's price to a mere 55 cents with the purchase of fries and a drink in a bid to keep competitors at bay and customers happily chomping away. The new Big Mac, currently priced at around $2, could appear in stores "within months," according to the fast food empire. That deadline might be moved back, though, if, as expected, franchisee owners give the plan the nod this Friday. Whenever it comes, analysts predict that...

Author: /time Magazine | Title: The Big Mac Attack | 2/27/1997 | See Source »

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